The following stocks were detected to be trading among the most active on January 4: iShares MSCI Emerging Markets Index, eBay Inc, Yahoo! Inc, Citigroup, Inc, and Oracle Corporation. These stocks are highly traded usually because new relevant information on the company has become available. Being on the highly active list isn't always positive as high activity may be a result of negative news. Regardless, high activity means high liquidity. High volume, combined with price movement is what traders require to make profits.
Shares of iShares MSCI Emerging Markets Index (EEM) fell by 1.0% or $-0.39/share to $38.71. In the past year, the shares have traded as low as $33.11 and as high as $49.45. On average, 66670759 shares of EEM exchange hands on a given day and today's volume is recorded at 14403289. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $38.83 area but be careful because the stock may face selling pressure at this level.
Shares of eBay Inc. (EBAY) fell by 3.67% or $-1.15/share to $30.19. In the past year, the shares have traded as low as $26.86 and as high as $35.35. On average, 10893770 shares of EBAY exchange hands on a given day and today's volume is recorded at 13911873. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $30.80 area but be careful because the stock may face selling pressure at this level.
Shares of Yahoo! Inc. (YHOO) fell by 2.39% or $-0.39/share to $15.9. In the past year, the shares have traded as low as $11.09 and as high as $18.84. On average, 25831140 shares of YHOO exchange hands on a given day and today's volume is recorded at 13908040. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $15.71 area where the stock will likely see buying pressure.
Shares of Citigroup, Inc. (C) fell by 1.98% or $-0.56/share to $27.77. In the past year, the shares have traded as low as $21.39 and as high as $51.46. On average, 57934470 shares of C exchange hands on a given day and today's volume is recorded at 13720584. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $28.04 area but be careful because the stock may face selling pressure at this level.
Shares of Oracle Corporation (ORCL) fell by 0.54% or $-0.14/share to $25.73. In the past year, the shares have traded as low as $24.67 and as high as $36.36. On average, 30856300 shares of ORCL exchange hands on a given day and today's volume is recorded at 12344044. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $30.46 area but be careful because the stock may face selling pressure at this level.
